News / Insights

Alera Group Acquires Pennsylvania Financial Services Firm

Latest Acquisition Expands Wealth Management Expertise DEERFIELD, IL — Alera Group, a leading national employee benefits, property and casualty, risk management and wealth management firm, has acquired Perspective Financial Group. Terms of the transaction were not... Read more »

ERISA Q&A: What You Need to Know

If you currently offer, or are planning to offer your employees retirement benefits, make sure you’re familiar with ERISA rules and regulations. As a plan sponsor, you must meet at least minimum ERISA standards. One way to ensure you are compliant is to work with a qualified benefits... Read more »

Individual ACA Rates are Going Up, Up, Up – Here’s Why

Some areas could see rate increases up to 98 percent Next year may see health insurance premiums on the Affordable Care Act (ACA) Marketplace exchange increase 15 percent, although some states could see rates up to 98 percent higher. For instance, insurers in Maryland requested premium increases... Read more »

Keeping Up with Medicare Changes

Here’s what you need to know for 2019. Medicare Part A provides basic hospital insurance and is available at no charge to those who are 65 or older — if they paid Medicare taxes while working. For many, though, that amount of coverage is not enough. Some people want a Medicare... Read more »

Taking Away the Barriers in the Workforce to Improved Mental Health

Mental illness is a growing problem in this country and treatment options are sparse. Fortunately, as an employer, you can take steps to make it easier for your employees to seek help. The Problem The National Institute of Mental Health estimates that one in five American adults has suffered... Read more »

Medical Loss Ratio Rebates

Medical Loss Ratio Rebates Under the Affordable Care Act The U.S. Department of Health and Human Services (“HHS”) has provided guidance on the Affordable Care Act’s (“ACA’s”) medical loss ratio (“MLR”) rule, which requires health insurers to spend a... Read more »

The 6 Warning Signs of a Fake Workers’ Comp Claim

Only a small percentage of workers' comp claims are fraudulent but letting them go undetected can cost a lot. In an offbeat incident of workers comp fraud in Minnesota, a woman was found out when she showed no signs of having been injured even though the police report she submitted to... Read more »

Navigating DOL 401(k) Audit Red Flags

Think there’s no way your retirement plan might be audited? Think again. The Department of Labor (DOL) can select any size retirement plan for a random 401(k) audit. Your plan also could face an audit if it matches an Internal Revenue Service (IRS) dataset targeting certain types of plans... Read more »

Wave of the Future: Value-Based Care

The practice of insurers paying fee for services to physicians and hospitals is going the way of the dinosaurs. Look for value-based care to replace the current payment model. With the fee for service approach, insurers pay medical providers based on the amount of health care services they... Read more »

HSAs – Good for More Than Just Paying Medical Expenses

Your employees can enjoy the benefit of paying their long-term-care insurance premiums tax-free — if you offer a Health Savings Account (HSA). Funded with employees’ pre-tax dollars, HSAs are not subject to taxes when withdrawn for qualified medical expenses. Employers can only... Read more »

New Ways to Keep Health Care Benefit Costs Down

After salaries, Health care benefits are an employer’s largest employee-related expense, according to the Bureau of Labor Statistics. A 2016 survey by the Society for Human Resource Management (SHRM) pegged the annual cost in 2016 at $8,669 for each employee. At the same time, employers... Read more »